What WePower does

WePower is a blockchain-based peer-to-peer energy trading platform founded in 2016 and headquartered in Vilnius, Lithuania. The company enables direct electricity exchange between distributed renewable energy producers (primarily prosumers with solar generation) and energy consumers, using smart contracts and shared ledgers to settle transactions without traditional intermediaries. Stated functional benefits include cost reductions of up to 43% for consumers, 30% renewable autonomy in community deployments, and verifiable green energy certificates.

The platform's technical foundation rests on blockchain architecture with smart-contract-based settlement, targeting two primary use cases: direct peer-to-peer trading between prosumers and consumers, and integration with smart grid operators and energy communities pursuing decentralized renewable integration. WePower employs between 11 and 50 staff and has not publicly disclosed pricing models, go-to-market channels, distribution partners, or revenue mechanics. No named customers, active partnerships, or product launches are documented in the available source material.

WePower's business model and operational continuity are unclear from public signals. The company closed a $40 million funding round in February 2018 with participation from Marubeni and several blockchain-focused funds, followed by a smaller round in July 2019. However, the primary domain (wepower.com) is currently parked at GoDaddy, and no funding, product, hiring, or partnership activity has been recorded since mid-2019. Combined with the absence of disclosed revenue, customer logos, or operational milestones, these signals point toward a high probability of dormancy or stalled commercialization.

Name

WePower

Website

https://wepower.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

WePower is a blockchain-based peer-to-peer energy trading platform founded in 2016 in Vilnius, Lithuania, enabling direct electricity exchange between renewable energy producers and consumers via smart contracts. Its current operational status is uncertain.

Ownership category

akta.pro rank

Product category

Renewable Energy Trading Platform

NAICS

Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911)

akta.pro primary industry

REC/GO Trading Platforms & Exchanges (EUAMAKAD)

akta.pro secondary industries

Unbundled Renewable Attributes Trading (Standalone EACs) (EUAGAFAF), Virtual Power Plants & Aggregation Market Access (DER Aggregation, Dispatch, Settlement) (EUAMAMAE)

Keywords

• Blockchain energy trading
• Peer-to-peer electricity
• Renewable energy marketplace
• Smart contract settlement
• Green energy financing

Headquarters

HQ city

Vilnius

HQ country

Lithuania

HQ region

Europe

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales

Core offering

WePower operates a blockchain-based peer-to-peer energy trading platform that enables direct electricity exchange between renewable energy producers and consumers using smart contracts and shared ledgers, eliminating intermediaries. The platform supports verifiable green energy certificates and is positioned to deliver cost reductions (reportedly up to 43%) for consumers while enabling up to 30% renewable autonomy in community energy projects.

Product overview

WePower is a blockchain-based energy trading platform provider enabling peer-to-peer electricity trading between energy producers (prosumers with solar panels) and consumers. Based on the source materials, WePower's platform facilitates direct energy transactions through blockchain technology and smart contracts without intermediaries. The company's primary offering appears to be a unified blockchain-enabled energy trading platform focused on cost reductions (reportedly up to 43% for consumers) and renewable energy integration. However, no specific named product modules, sub-products, or platform components were identified in the available source data. The primary domain (wepower.com) was found to be parked at GoDaddy with no active company content, limiting detailed product portfolio information.

Differentiator

Problem solved

Functional benefit

Products and services

• WePower Peer-to-Peer Energy Trading Platform Blockchain-enabled platform that allows energy producers (including solar panel owners) and consumers to exchange electricity directly without intermediaries, supporting smart-contract-based settlement and verifiable green energy certificates. Targeted at prosumers, energy consumers, smart grid operators, and renewable energy communities.

Quantifiable outcome

• Cost reductions of up to 43% for consumers
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Recent moves3 records

Expansion highlights3 records

Direct peers

• Power Ledger: Power Ledger is a direct peer: an Australian blockchain-based peer-to-peer energy trading platform enabling consumers and prosumers to trade surplus electricity and renewable energy certificates. It overlaps closely with WePower on technology, target customer (prosumers and energy communities), and business model.
• Energy Web Foundation: Energy Web Foundation is a direct peer building open-source blockchain infrastructure specifically for the energy sector, including peer-to-peer trading, grid management, and renewable certificates. It targets similar utility and energy-company customers as WePower, though as a foundation rather than a transactional platform.
• Electron (formerly Electron Cement): Electron is a UK-based blockchain energy company building peer-to-peer trading, distributed energy resource coordination, and grid-flexibility infrastructure. It is directly comparable to WePower on technology stack and target market (UK and European utilities, DNOs, and energy communities).
• Pylon Network: Pylon Network is a blockchain-based renewable energy community and peer-to-peer trading platform originating from Spain. It is comparable to WePower in its focus on prosumer-to-consumer energy exchange and issuance of renewable energy certificates on-chain, serving European energy cooperatives.

Emerging players

• Grid+: Grid+ built a blockchain-based retail electricity buying platform using smart contracts to enable consumers to purchase energy directly from wholesale markets. While its focus is retail/wholesale rather than P2P prosumer trading, it shares WePower's smart-contract settlement and disintermediation thesis.
• SolarCoin: SolarCoin is a blockchain-based incentive and certificate token issued to solar generators to verify green energy production. It overlaps with WePower on the green-certificate tokenization concept, though SolarCoin is narrower (incentive layer only) versus WePower's full trading stack.

Regional players

• Vandebron: Vandebron is a Dutch platform enabling consumers to buy electricity directly from independent Dutch renewable producers, effectively a peer-to-peer-style retail energy marketplace. It is comparable to WePower on the consumer-to-producer direct-purchase model but operates as a centralized marketplace primarily in the Netherlands.

Broad incumbents

• Sonnen (sonnenCommunity): Sonnen operates sonnenCommunity, a peer-to-peer energy sharing network for households with residential battery storage, primarily in Germany and Europe. Owned by Shell, it is a broader incumbent with overlapping P2P-virtual-power-plant functionality versus WePower's community energy offering.
• Iberdrola: Iberdrola is a major European utility that has launched multiple peer-to-peer renewable trading pilots and green certificate programs across Spain and the UK. As a broad incumbent, it competes with WePower for the same regulatory-enabled P2P deployments but with vastly greater balance sheet and customer base.
• Engie: Engie is a global utility actively exploring blockchain-enabled energy trading and community energy initiatives, including partnerships with Energy Web Foundation. Comparable to WePower on P2P/blockchain pilots and on serving European energy communities, but as a diversified incumbent rather than a focused platform.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/WePowerN
• Facebookfacebook.com/WePowerNetwork
• LinkedInlinkedin.com/company/wepower-network

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds3 records

Investors19 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about WePower